Tag Archives: AXA

AXA: Latest News

  • AXA Partners With Lloyd’s Of London To Expand Specialty Insurance In Africa

    expand specialty insurance in Africa By Dana Sanchez, 1:44 pm

    Specialty insurance in Africa can cover anything from currency inconvertability and political violence to insuring oil rigs and footballers’ legs. A new entity, AXA Africa Specialty Risks, will insure risks in Africa’s political, energy and infrastructure sectors. Sub-Sahara’s insurance market is increasingly attractive to global insurers. African innovations such as mobile and cashless payments may soon disrupt developed insurance markets, according to Ernst & Young.

  • Investors Earmark $60M For African Startups At The Africa Business Angel Forum

    By Kevin Mwanza, 6:52 am

    A group of investors meeting at a recent Africa Business Angel Forum announced that they plan to invest $60 million to help scale up African startups. Reewire, a fund founded by Neils Ellegards, a partner at U.S.-based United+, announced a $50 million fund focusing on African ventures, while Aurorae, a fund partly backed by French insurance giant AXA, said it will investor $10 million on the continent

  • Africa Internet Group Raises $245M From Goldman Sachs And Other Existing Investors

    tech startups - Facebook groups By Kevin Mwanza, 4:16 am

    Africa Internet Group (AIG), one of the largest e-commerce companies on the continent, has raised $245 million (225 million euros) in one of the largest fundraising rounds by an African-focused tech firm. The funding has been raising from US-based investment bank Goldman Sachs and existing investors South African telecom MTN Group and German startup incubator Rocket Internet.

  • AXA Investment Pushes Africa Internet Group Valuation To Over $1 Billion

    Africa Internet Group By Kevin Mwanza, 6:41 am

    French Insurance giant AXA plans to invest 75 million euros ($84 million) for a 8 percent stake in Africa Internet Group (AIG), one of the largest e-commerce companies on the continent. Nigerian-owned AIG is the holding company for Africa’s fast growing online retail startup Jumia that has operation in 11 countries. AXA’s investment now pushes AIG’s valuation to slightly over a billion dollars.

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